Chat With Traders

Alex Temiz and Bao Nguyen came together to found My Investing Club (MIC) to give traders the direct mentorship and real-time guidance they never had when starting out.

Alex built his reputation through transparency, consistency, and elite execution, earning over $16 million in verified trading profits after humble beginnings working at Starbucks and selling the rims off his car to fund his first account. Bao, a seasoned market veteran with over 20 years of experience, became famous for his legendary $1.4 million single-day profit on FNMA. After Bao took Alex under his wing, their partnership grew into a shared mission: helping everyday traders navigate the markets through structured processes, risk management, and live mentorship.

In this live session with Chat With Traders in Orlando, Alex Temiz and Bao Nguyen reveal why your trading strategy might be wrong for you. They pull back the curtain on how to align your execution with your unique personality type, sharing the core principles that keep them profitable while avoiding catastrophic blowups. They break down position sizing, pre-market rules, stock selection disqualifiers, and why taking smaller pieces of big moves beats trying to hit home runs.

In this episode, we explore:

• Why Your Trading Strategy Might Be Wrong for You

• Why Alex and Bao founded MIC to provide real mentorship and cure trader loneliness

• Pre-planning every trade with Post-it notes (Entry, Exit, Stop, Target)

• Stock selection red flags: Low floats, Chinese stocks, ADRs, and hype pivots

• Why Day 2 Shorting Beats Fighting Day 1 Momentum

• Trading superstitions, routines, and managing psychological anxiety

• Finding your sweet spot for account sizing and withdrawing profits consistently

About My Investing Club:

My Investing Club (MIC) is a stock day-trading education community and coaching platform founded in 2018 by Alex Temiz (co-founder and head mentor) and Bao Nguyen (co-founder). Focused on process-driven trading, risk management, and short-selling small-cap stocks, MIC offers daily live trading sessions hosted on Zoom and Discord/Slack, extensive video curriculum, 1-on-1 mentorship, broker perks with partners like TradeZero, and Alex AI—a 24/7 automated assistant trained on the founders' methodologies.

Links + Resources:

My Investing Club: https://myinvestingclub.com

Alex Temiz Twitter (X): https://x.com/AT09_Trader Alex Temiz YouTube: https://www.youtube.com/@AlexTemizMIC Alex Temiz Instagram: https://www.instagram.com/alex_temiz/

Bao Nguyen Twitter (X): https://x.com/modern_rock

Choose commission-free trading or enjoy $0.0005/share commissions on SageTrader Pro for your first month - claim your offer at sagetrader.com/cwt

Sponsor of Chat With Traders Podcast:

SageTrader: https://sagetrader.com

Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 Chat With Traders Live in Orlando with My Investing Club

04:27 The Vision Behind MIC: Curing Trader Loneliness & Teaching Fundamentals

10:28 Sizing Down: Why Most Traders Oversize Their Positions

16:18 Stock Selection & Following the Daily Watchlist

22:13 The 4-Step Trade Plan: Entry, Exit, Stop, and Target

24:46 Sizing Down to Widen Stops & Eliminating Fear

29:35 Legacy Orders, Pre-Market Trading & Enforcing Hard Max Losses

36:17 Why Your Trading Strategy Might Be Wrong for You

43:36 Stock Disqualifications & Major Red Flags

48:09 Evolution of the First Red Day Strategy (CAR Trade Analysis)

53:59 Why Day 2 Shorting Beats Fighting Day 1 Momentum

56:11 Multi-Stock Scalping vs. Single-Stock Focus

01:03:13 How to Be the Aggressor in High-Probability Setups

01:06:59 Trading Superstitions, Feng Shui, and Psychological Calming Tools

01:12:34 Q&A: How to Set Stop Loss Ranges Without Getting Shaken Out

01:14:54 Q&A: What Keeps Millionaire Traders Motivated to Keep Trading?

01:19:31 Q&A: Will AI replace human traders in the next 3–5 years?

01:21:54 Q&A: How Much Are You Willing to Risk on an A+ Setup?

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Andrew Perry spent over 35 years at the intersection of institutional macro research and active portfolio management, including five years as a portfolio manager at Tudor Investment Corporation under Paul Tudor Jones. Managing up to $450 million, Andrew developed a disciplined, multi-dimensional framework to understand where global markets are going and how to structure trades with strict risk management.

After entering the financial markets during the 1987 crash, Andrew learned firsthand how market regimes and trader psychology shape long-term survival. Today, through Macro Pillars, he distills decades of experience into a structured 5-pillar approach, combining government policy, nontraditional liquidity, monetary mechanics, technicals, and price execution, to help traders separate market noise from real edges.

In this conversation, Andrew shares the priceless lessons learned from working alongside legendary trader Paul Tudor Jones, why time horizon and adaptability outweigh being right, and how major market dates (like Treasury funding shifts) create key structural turning points.

In this episode, we explore:
• What $450M Portfolio Manager Learned From Paul Tudor Jones
• Andrew’s entry into markets during the 1987 crash and how it shaped his view of risk
• Life inside Tudor Investment Corporation and managing capital at scale
• Why winning 55% of the time is enough when risk-reward is properly managed
• The 5-part Macro Pillars framework: Policy, Liquidity, Monetary Mechanics, Technicals & Execution
• The significance of non-traditional liquidity, Treasury issuance, and key dates
• Understanding the Move Index (bond volatility) as a key indicator over the VIX
About Andrew Perry:
Andrew Perry is an institutional macro portfolio manager with over 35 years of market experience. He previously managed FX risk at Commonwealth Bank of Australia, served as a Portfolio Manager at Tudor Investment Corporation, and held senior trading roles at Nomura. He is the founder of Macro Pillars, a service designed to provide professionals with a rigorous, independent perspective on macro markets and liquidity.

Links + Resources:
Website: https://macropillars.com/
Twitter/X: https://x.com/MacroPillars_
Youtube: https://www.youtube.com/@MacroPillars

Free Trial: https://confirmsubscription.com/h/signup/t/CBDE5ADDD9C6BAC5

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 What a $450M Portfolio Manager Learned From Paul Tudor Jones

06:04 How Your Background Influences the Way You Trade

11:47 Winning 55% of the Time vs. Cutting Losses and Letting Winners Run

16:26 Managing an Internal Hedge Fund with $50 Million in Capital

21:40 Why Time Horizon Matters and Matching Risk Parameters

28:28 Why Being a One-Dimensional Trader Leads to Failure

31:50 Overview of the 5 Macro Pillars Framework

38:18 What Is the Difference Between Good and Bad QE?

43:57 Why the Move Index Is So Important

51:39 Why Starting a Career with a Big Win Can Be Bad News for Traders

44:56 Key Takeaways from Treasury Bond Announcements and Issuance

01:01:05 Memorable Stories and Hard Lessons Over a 35-Year Career

01:06:32 Adapting to Market Shifts When Other Traders Refuse to Change

01:10:36 Why Many People Enter Trading for Freedom and the Reality

01:13:17 Crucial Advice for Beginner Traders

01:14:00 Where to Find Andrew Perry and Access a Free Trial of Macro Pillars

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Tim Furey went from surviving the high-intensity floor trading pits of the Chicago Board of Trade to surviving a near-fatal medical emergency, ultimately building TradeView Markets into a global financial brokerage.
After getting his start as Merrill Lynch's youngest commodity broker hire in nearly four decades, Tim risked everything to move to Chicago and learn the craft of floor trading. Through grueling pit battles, he learned the ultimate lesson in market survival: mastering defense and managing risk above all else. Years later, while running his firm and raising a family, Tim survived a sudden medical crisis where doctors gave him a 5% chance of living, an experience that further cemented his relentless drive, resilience, and vision as a leader.
In this conversation, Tim breaks down his "hungry dogs run faster" mindset, the lost art of pit trading, why defense creates offense in the markets, and how he turned adversity into fuel to build a global financial services brand.

In this episode, we explore:
• Lessons learned from legendary mentor Jeff Stoutland ("Hungry dogs run faster")
• Becoming Merrill Lynch’s youngest commodity broker hire in nearly 40 years
• Survival in the Chicago Board of Trade pits and the concept of the "power of the lean"
• Why risk management and learning how to lose are the keys to long-term trading survival
• Transitioning from prop trading to launching TradeView Markets
• How a near-fatal medical emergency and a 5% chance of survival reshaped his life and mindset

About Tim Furey:
Tim Furey is the Founder and CEO of TradeView Markets, a global multi-asset brokerage serving traders worldwide. Beginning his career in Merrill Lynch’s Futures Division, Tim went on to trade on the floors of the Chicago Board of Trade before transitioning to proprietary trading and entrepreneurship. Known for his resilient leadership and commitment to continuous improvement, Tim leads TradeView Markets while actively supporting amateur sports initiatives, including women's rugby in the Cayman Islands.

Links + Resources:
LinkedIn: https://www.linkedin.com/in/timfurey/
Instagram: https://www.instagram.com/timfurey.ceo/
Facebook: https://www.facebook.com/timfureyofficial/
Website: https://www.tradeviewmarkets.com/en/

Tim’s Book Recommendations:
How to Win Friends and Influence People by Dale Carnegie: https://www.amazon.com/dp/0671027034
Reminiscences of a Stock Operator by Edwin Lefèvre: https://www.amazon.com/dp/0471059706
The Magic of Thinking Big by David J. Schwartz: https://www.amazon.com/dp/0671646788
Think and Grow Rich by Napoleon Hill: https://www.amazon.com/dp/1585424331
The Education of a Bodybuilder by Arnold Schwarzenegger: https://www.amazon.com/dp/0671797484

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 Why Defense, Not Offense, Makes You a Profitable Trader 04:10 The Mindset You Need To Have 08:06 Talking About My Mentors “Hungry Dogs Run Faster” 12:38 How Do You Stay Hungry When Your In Success
16:58 Being A Trader In Chicago Board Of Trade
21:11 The Power Of The Lean
26:06 Defense Turn Into Offense
31:23 The Trader’s Gut
33:48 Starting Tradeview Markets
35:46 My First Ever Trade In High School
41:10 What Do You See In Traders That Make Them Last?
45:31 Which Markets Has The Highest Success?
50:44 How Do You Identify Top Performers?
55:23 Going Into A Coma
01:04:03 Giving Back To People
01:06:51 What’s One Of Your Best Trade?
01:08:45 Your Worst Trade?
01:10:05 What Advice Do You Give To Traders?
01:13:49 Book You Recommend To Traders
01:16:26 What Lesson I’ve Learned In Trading
01:17:29 Where Can Traders Find You?
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Steve Nison came to Wall Street as a technical analyst in the late 1980s, discovered an obscure Japanese charting methodology, and spent years translating rare texts to introduce candlestick charting to the Western world.
Through his landmark research, bestselling books, and institutional training at major firms like Merrill Lynch and Daiwa Securities, Steve opened the eyes of global investors to the power of price action and market psychology. Today, candlestick charts are the universal standard across virtually every financial trading platform in the world.
In this conversation, Steve pulls back the curtain on how candlesticks first arrived in the West, sharing the cultural and military roots of candlestick patterns, market psychology, and his foundational Trading Triad framework.

In this episode, we explore:
• How Steve Nison introduced Japanese candlestick charting to the Western world
• Discovering candlesticks at Merrill Lynch through a Japanese broker and early Bloomberg charts
• Translating 13+ rare Japanese books and working with Japanese technical organizationsy
• Why candlesticks complement rather than replace traditional Western technical analysis
• The mechanics behind his "Trading Triad" approach
• Steve’s reflection on how candlesticks became the global charting standard
• Advice for the next generation of traders pulling up candlestick charts today

About Steve Nison:
Steve Nison, CMT, is the founder and president of Candlecharts.com and is widely regarded as the authority who introduced Japanese candlestick charting to the Western world. He authored the landmark classic Japanese Candlestick Charting Techniques, which has been translated into 21 languages and fundamentally changed technical analysis across global financial markets. Over his 30+ year career, Steve has advised top institutional financial firms including Fidelity, J.P. Morgan, Goldman Sachs, Morgan Stanley, NYSE, and NASDAQ market makers and has presented by request at the World Bank and the Federal Reserve. Links +

Resources:
Get Free Candlestick Resources, a Free Consultation Call, and a $20 Gift towards your first program: https://www.candlecharts.com/welcome
Website: https://www.candlecharts.com
X (Twitter): https://x.com/candlecharts

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.

00:00 The Pioneer Who Brought Candlesticks to the West

07:42 A Japanese Broker and a Chart Book

08:35 Translating Rare Japanese Texts & Working with Japanese Analysts

10:22 Making Recommendations Based on Candles

13:46 Why Were You the First?

15:02 Military and Cultural History Behind Candlesticks

19:08 The Story Behind Discovering Price Windows

22:19 Everybody's Using Candlesticks

25:39 Dealing with Institutional Clients

28:14 The Lucky Number Three

31:19 Common Misconceptions Traders Have About Candlestick Patterns

32:36 The Trading Triad

36:34 An Ounce of Emotion Can Be Worth a Pound of Facts

41:01 Reflecting on the Global Shift to Candlestick Charting

41:55 Essential Advice for the Next Generation of Traders

42:48 Where to Learn More About Steve Nison & Candlecharts

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Jeff Holden was once a kid watching his father get laid off during a department cut, realizing early on that he never wanted to be at the mercy of unpredictable market shifts, he wanted full control over his own destiny. Today, as the Head of Trader Development at SMB Capital, Jeff has transformed that drive into a career of identifying, recruiting, and mentoring prop traders into multi-million dollar, seven- and eight-figure performers.
After starting as an independent trader working to find his own way, Jeff built his philosophy around structure, baseline consistency, and rigorous risk allocation. Rather than relying on guesswork or emotional "gut feelings," Jeff developed actionable frameworks like the "ASET" protocol to help traders systematically identify edge, manage risk, and scale capital.
In this conversation, Jeff pulls back the curtain on how top-tier prop traders are actually built from the ground up. He breaks down the mechanics of price action and tape reading, why scalping serves as the ultimate baseline foundation, and how traders can bridge the gap between steady baseline income and aggressively swinging the bat on high-conviction A+ setups.

In this episode, we explore:
• How Jeff Holden develops high-performing 7- and 8-figure prop traders at SMB Capital
• Jeff’s personal backstory and how a childhood lesson in market volatility shaped his trading philosophy
• Why beginner and developing traders must focus on building a consistent baseline strategy first
• The "ASET" Protocol: Allocation, Stop, Entry, and Target framework explained
• Matching your individual personality and trading psychology to the right archetype and strategy
• Jeff’s perspective on trading discipline, daily report cards, and long-term risk management

About Jeff Holden:
Jeff Holden is the Head of Trader Development at SMB Capital, one of the world's premier proprietary trading firms. Having started his career as an independent trader working to find his own way in the markets, Jeff now specializes in identifying talent, building desk playbooks, and guiding developing traders along the path to consistent, seven- and eight-figure profitability. He is known for his structured, data-driven approach to risk allocation, tape reading, and team trading dynamics.

Links + Resources: LinkedIn: https://www.linkedin.com/in/jeff-holden-357a1b31a/
SMB Capital Website: https://www.smbtraining.com/
YouTube: https://www.youtube.com/@smbcapital
X (Twitter): https://x.com/smbcapital

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 How Top Prop Traders Find and Scale Their Edge
04:05 A Bunch of Nerds Excited About Trading
08:42 The Formula for a Trading Career: Baseline Strategies + A+ Setups 14:11 How Not to Approach Trading
17:02 Consistency First: The 4-Month Consistency Rule
19:55 How Jeff Started Trading & Why SMB Starts Traders with Scalping
25:15 Deconstructing the “Bella Scalp”
30:33 Price Action Scalping vs. Tape Scalping
36:48 Is There a Point in Time a Trade Can Be Adjusted?
40:08 The ASET Protocol: Allocation, Stop, Entry, and Target Breakdown
54:00 At What Point Do You Shut Your Computer Down?
59:22 Do the Work and Analyze What's Happening in the Market
01:11:21 The 3 Archetypes of Traders and Their Internal Self-Talk
01:16:01 Commonalities of Traders' Personalities?
01:18:38 Traits Jeff is Looking for in Traders
01:21:53 Passion is Overrated in Trading
01:24:18 Community Trading vs. Team Trading
01:28:56 The Single Greatest Thing That Developing Traders Need to Get Right
01:32:04 Where to Follow Jeff Holden & SMB Capital

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Steve Quirk began his career in 1987 on the fast-paced trading floors of Chicago, surviving the historic market crash that wiped out $1.7 trillion worldwide.
From navigating open-outcry pits where a trader's word was their bond, Steve transitioned into market technology, helping build landmark tools at thinkorswim and leading trading strategy initiatives at TD Ameritrade. Today, as Chief Brokerage Officer at Robinhood, he sits at the intersection of retail investing, market structure, and financial innovation, shaping products for millions of retail investors.
In this conversation, Steve shares key lessons from decades in the markets, the evolution of retail trading technology, and how removing friction like the Pattern Day Trader rule is unlocking the next era of retail investing.

In this episode, we explore:
• Steve’s early days in the Chicago trading pits in 1987
• Why decisive decision-making and accepting being wrong 50% of the time is crucial
• The transition from floor trading to building technology at thinkorswim
• How Robinhood levels the playing field for retail investors and opens up global access
• Managing risks: framing the absolute worst-case scenario before taking a trade
• The impact of removing the Pattern Day Trader (PDT) rule for retail traders

About Steve Quirk:
Steve Quirk is Chief Brokerage Officer at Robinhood Markets. With over 35 years of financial markets experience, he previously led trading strategy at TD Ameritrade, developed innovative trading tools for thinkorswim®, and created the TD Ameritrade U program. Steve started his career in 1987 in the Chicago open-outcry pits across the CME and CBOE, and is a frequent market commentator featured on CNBC, Fox Business, and The Wall Street Journal.

Links + Resources:
LinkedIn: https://www.linkedin.com/in/steve-quirk-56148a22/
X (Twitter): https://x.com/SteveQuirk_

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 From Chicago Pit Trader to Robinhood Exec

02:57 What Pulled You to the Market?

07:17 Trading Pits Are More Organized Than They Appear

11:51 Transitioning to Creating Technology for Retail Trading

19:01 Leveling the Playing Field for Retail Traders

21:10 Giving People What They Want

24:45 Did You Fall in Love with Scaling Robinhood Like You Did with Trading?

29:48 What Robinhood Is Doing to Teach

32:12 Early Mistakes in Trading

34:31 Advice to People from Robinhood CBO

36:44 What's Your Next Product Going to Be?

40:24 What Is the PDT Rule?

43:23 What Is a Memory That Came to Mind in Your Trading Career?

45:16 Is There Anything in Your Life That Changed Your Line of Thinking?

46:22 Your Piece of Advice to Your Younger Self

46:57 Where Can Traders Find You?

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Peter Brandt entered the commodity trading business in 1976 with ContiCommodity Services, survived years of market shifts, and turned a passion for price action into a legendary career spanning over 50 years as one of the world's premier classical chartists.
After starting with Conti handling large institutional accounts like Campbell Soup Company and Homestake Mining, Peter went on to found Factor Trading Co., Inc. (now Factor LLC) in 1980 to trade proprietary capital. Author of the classic Diary of a Professional Commodity Trader and featured in Jack Schwager’s Unknown Market Wizards, Peter has spent over five decades navigating inflationary booms, market crashes, and the transition from open-outcry pits to electronic markets. Today, his edge is built on process, discipline, and classical charting principles that have stood the test of time.
In this conversation, Peter pulls back the curtain on his five-decade journey, sharing the specific principles that have allowed him to navigate the markets for half a century. He breaks down why high win rates are a myth, how he caps risk at 60–70 basis points per trade, and how he transitioned from searching for quick wins to building a career as a master craftsman in speculation.

In this episode, we explore:
• Peter Brandt’s 50+ year journey from advertising to commodity pits and Factor Trading
• Why high win rates are a myth and how the 80/20 Pareto Principle applies to trading profits
• How Peter limits risk to 60–70 basis points per trade and why he never pyramids positions
• Why he shuns indicators and diagonal trend lines in favor of horizontal classical patterns
• Why the real edge comes from risk management and emotional control, not chart patterns
• Peter's advice for the next generation on craft, capital preservation, and longevity

About Peter Brandt:
Peter L. Brandt entered the commodity trading business in 1976 with ContiCommodity Services, a division of Continental Grain Company. In 1980, he founded Factor Trading Co., Inc. (now Factor LLC), trading proprietary capital across forex, futures, fixed income, and equity markets. Over his career, he has managed trading activities for major institutional clients, including Commodities Corporation of Princeton, NJ.
Peter is the author of Trading Commodity Futures with Classical Chart Patterns (1990) and Diary of a Professional Commodity Trader (2011), which held Amazon's #1 trading rank for 27 weeks. Featured in Jack Schwager's Unknown Market Wizards and named among the 30 most influential people in finance by Barry Ritholtz in 2011, Peter is widely recognized as one of the world's foremost authorities on classical chart analysis.

Links + Resources:
X (Twitter): https://x.com/PeterLBrandt
Website: https://www.peterlbrandt.com/

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 How a 50-Year Veteran Thinks About Risk Management
05:42 Wanting a Career from Trading
09:42 Taking 5 Years to Be Profitable
15:20 Don't Quit Your Day Job to Trade Until You Have a Proven Track Record
22:30 Cut Losses Short and Let My Winning Trades Run
27:00 Understand the Risk and the Probability
31:00 20% of My Trades Account for at Least 80% of My Total Profits
36:08 Sizing Is Really Important and It Is the Reason Why a Lot of Novices Blow Out
43:00 Removing Yourself from the Equation
48:30 I Don't Believe in Optimization Where You Have a Set of Rules
52:50 I Like Horizontal and Continuation Patterns
54:38 I Don't Believe in Indicators Because They're Just Derivatives of Price
1:00:00 Technical Analysis: Charts Resonated with Who I Am
1:03:20 The Time Frame I Trade
1:07:00 How Important It Is to Identify How You Trade
1:09:15 Having a Mentor
1:14:50 What Are You Most Proud of in Your Career
01:20:09 I Enter Every Trade Assuming It's Going to Be a Loser
01:26:05 Become a Craftsman of Trading
01:33:48 You Can’t Go Broke Taking Small Profits, But You Will Go Broke Taking Large Losses
01:35:40 Peter's Takeaway He Leaves to the Next Generation of Traders
01:36:14 Where Can Traders Find You
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Paul Scott entered the high-stakes trading floor of the London Metal Exchange at just 16 years old, survived years of trading under survival-mode pressure, and turned old-school pit wisdom into lifelong success. After starting with a three-month probation and carrying the weight of his father's legendary legacy, Paul developed a disciplined approach to the most volatile corner of the market: commodities and forex. Today, his edge is built on experience and his pit logic trading approach, using price and value to guide his decisions while human behavior gives him the confidence to take the trade.
In this conversation, Paul pulls back the curtain on his Survival to Success Arc, sharing the specific setups that allowed him to survive and scale through market chaos. He breaks down the fundamentals of his strategy, the open outcry framework, and how he transitioned from trading under pressure to trading with total directional agnosticism.

In this episode, we explore:
• How Paul Scott Navigated 30+ Years of Volatility on the LME Trading Floor
• Paul’s start at 16 years old and trading under extreme physical and mental pressure
• The mechanics behind his pit logic trading approach
• Why Timeframe Doesn’t Matter • Why every major trade should be simple enough to explain in one sentence
• How Do the Big Money Trade?
• The Traits Identified in Successful Students
• His advice for beginner traders

About Paul Scott:
Paul is a veteran commodities and forex trader known for his raw, practical approach and deep generational knowledge. Starting with the guidance of his legendary father, Harry Scott, he has documented more than three decades of trading through massive market scandals and institutional shifts. He specializes in momentum strategies and order flow behavior, focusing on the intersection of horizontal value zones and trader psychology.

Links + Resources:
Website: https://paulscottfx.com/
Youtube: https://www.youtube.com/@paulscott3066/videos
LinkedIn: https://www.linkedin.com/in/paulscottfx/

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps: Please note: Exact times will vary depending on current ads.

00:00 Why Technical Analysis Is Just Retail Noise

02:14 Being a Second-Generation Trader

06:36 The Pressure of Having a Trader Dad

07:48 What Was the Pit Really Like?

15:06 The Biggest Metal Scandal in History

21:00 Market Manipulation in the Digital Age

24:50 What Is Pit Logic?

31:56 Working with Goldman Sachs

37:05 Modern Retail Traders vs. Professionals

38:40 Can Traders Find Success Purely on Technicals?

44:00 Trading for a Client vs. Trading for a Company

42:55 Why Timeframe Doesn’t Matter

47:42 Explain Your Trade in One Sentence

49:39 Thinking About What the Institutions Are Doing

54:04 How Do the Whales Trade?

1:01:20 Let's Talk About Capital Preservation

1:06:17 The Traits Identified in Successful Students

1:12:27 Is There a Trade That Stands Out to You?

1:20:18 What Is Your Advice to Your Younger Self?

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

David Capablanca pursued architecture for a decade, culminating in studying under a Pritzker Prize winner at UCLA, before a life threatening brain tumor, massive medical debt, and student loans forced him to completely reevaluate his life.
After starting from rock bottom and carrying the weight of massive debt, David developed an all-consuming, "burn the boats" pursuit of trading mastery that saw him sleeping in his office, living out of his car, and showering on Skid Row just to trade the 4 AM pre-market session. Today, his edge is built on rigorous fundamental deep dives, forensic research into small cap pump and dump schemes, and a strict risk management framework designed to survive predatory market algorithms.
In this conversation, David pulls back the curtain on his grueling journey from rock bottom to short selling master, detailing how he reverse-engineered the strategies of market manipulators. He breaks down the anatomy of modern short squeezes, his absolute checklist for avoidable stocks, and why protecting your capital to survive the learning curve is the ultimate rule.

In this episode, we explore:
· Surviving rock bottom, sleeping in a WeWork desk, and showering on Skid Row during Covid
· Waking up from a coma: The life-threatening surgery that gave David the "gift of urgency"
· How the Covid biotech mania changed his account forever
· Going undercover in Colombia: Inside David’s high-stakes investigation of a cannabis pump and dump
· Why David completely avoids trading Chinese and Singaporean small-caps
· The reality of Wall Street favoritism and the mechanics behind requesting a "trade bust"
· Analyzing early $60,000 losses

About David Capablanca:
David is an accomplished short seller, author, educator, podcast host, and founder of Friendly Bear University. Over a trading career shaped by intense study, he has built a verified seven-figure track record with a remarkable ninety percent win ratio. He has trained countless developing day traders, expanding his educational insights globally while championing an autodidact, highly disciplined framework to achieve true financial independence.
Links + Resources: Upcoming Conference (October 12th): https://www.friendlybearuniversity.com/conference (Chat With Traders Team and Host Kevin Avery will be there live to co-host the forum!) Youtube: https://www.youtube.com/@DavidCapablancaTrades X (Twitter): https://x.com/reverselong Instagram: https://instagram.com/reverselong Facebook: https://facebook.com/profile.php?id=772328557 Website: https://www.friendlybearuniversity.com Pre-Order Short Selling Master Book: https://harriman-house.com/authors/david-capablanca/short-selling-master/9781804093290

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 The Journey From Skid Row Showers to Short Selling Master
05:14 Isolating from society to build an entrepreneurial identity
11:05 Betting on Yourself Leaving Architecture
15:02 Pattern recognition and risk management
19:18 Waking up from a coma
25:04 Selling the car, quitting alcohol, and sleeping on a shared office floor
30:04 Trading the Covid biotech bubble
34:13 Traveling to the Colombian jungle to verify a stock scam
38:16 The moment David's spy-pen cover was blown by the cartel
44:45 Why David completely bans Chinese stocks from his Trading
50:24 How predatory algorithms map locate data to trap shorts
55:04 Inside the New York Stock Exchange
01:00:09 "Trade Bust" and the reality of Wall Street favoritism
01:04:00 Reviewing early painful losses: The $60k loss
01:09:04 Insider liquidity of after-hours news
01:12:51 David's biggest winner
01:17:57 The finish line of excellence
01:20:12 Final piece of advice
01:20:43 Where to Get The Short Selling Master Book

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Jason Berry co-founded Positive Equity in 2008. Built alongside partners and traders who raised the bar, the firm operates trading floors in Ireland and Croatia. Over a 14-year stretch of verified clearing statements, his small losses, long career approach resulted in only five losing months.
Most people think trading success comes from predicting markets. In reality, Jason's multi-decade longevity proves that true consistency comes from deep discipline, strict risk control, and surviving long enough for compounding to work, earning him a featured chapter in Jack Schwager's book, Market Wizards: The Next Generation.
In this conversation, Jason pulls back the curtain on his journey from a remote Northern California commune to the chaotic trading floors of London and Dublin. He breaks down the realities of managing a decaying edge, his framework for identifying raw talent in trainees, and why surrounding yourself with a team of disciplined professionals is the ultimate source of career longevity.
In this episode, we explore:
· How Jason transitioned from an isolated childhood to the chaotic London trading floors
· The hidden edges of the open outcry era and the nature of "elbow trades"
· What Jack Schwager and the Market Wizards team look for when verifying a trader's record
· The structural reality of Jason's risk-reward framework
· Why summer vacations can cause traders to become rusty and lose touch with the market tape
· How to spot decaying market edges through the P&L before they do catastrophic damage
· The core personality traits and tells that separate successful trainees from those who fail
· Jason’s outlook on which traders will survive the next decade of AI and machine learning

About Jason Berry:
Jason is a professional futures trader, co-founder of Positive Equity, and a featured market wizard in the book, Market Wizards: The Next Generation. Over a career spanning nearly 30 years, Jason has documented a legendary track record of consistency and durability. He has trained well over 200 traders, expanding his operations from Dublin to Croatia while championing a team-driven approach to market mastery.

Links + Resources:
X (Twitter): https://x.com/JasonHBerry
LinkedIn: https://www.linkedin.com/in/jasonhberry

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.

00:00 He Only Had 5 Losing Months In 14 Years

03:09 Introduction To Trading

09:33 Using Elbow Trades As An Edge

16:22 What Your Risk-Reward Looks Like

20:34 Can You Make A "Mr. Consistency" System?

25:29 What You Possess That Others May Also Have

30:23 Why You Get Rusty When Taking A Summer Vacation

35:56 How Important It Is To Constantly Innovate

38:51 What Traits You Can See In Your Trainees

45:10 The Single Greatest Rule In Trading

51:35 How Do You Scale Positions?

55:54 Which Traders Do You Think Will Survive The Next Decade?

59:45 Trading Euro Stocks

01:03:05 What The Next 30 Years Look Like For You

01:08:30 Have You Had Your Trainees Outperform You?

01:09:34 What Your Advice Is To Traders

01:14:11 Where Can You Find Jason Berry

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Jack Schwager and George Coyle team up to look at what it takes to master the markets, combining classic wisdom with how modern financial markets work today.
After studying top fund managers and over 100 years of market history, Jack and George wrote Market Wizards: The Next Generation to showcase today's best traders. These elite performers range from everyday traders who turned small accounts into millions to steady traders who almost never have a losing month. The secret to their success is matching their trading strategy perfectly with their personality.
In this conversation, Jack and George reveal the core rules that great traders follow. They talk about unexpected strategies that surprised even them, like making huge profits trading agricultural futures or shorting small-cap stocks. They also discuss why basic chart reading works better for managing risk than company fundamentals, the reality of a tough work ethic, and why the most important lesson in trading is knowing when to step away from the screen.

In this episode, we explore:
· How Jack Schwager and George Coyle started working together
· The three timeless trading rules that top traders have used for over a century
· The specific trading strategies that completely surprised Jack and George
· How to balance making big returns while protecting your trading account from large losses
· The main differences in managing risk between technical and fundamental analysis
· The story of an anonymous multi-millionaire musician who became a legendary trader
· The intense work ethic and personal sacrifices needed to reach the top level
· Final thoughts on why there is much more to a good life than just trading the stock market

About The Guests:

Jack Schwager:
Jack is the author of the famous Market Wizard series, A Complete Guide to the Futures Markets, and Market Sense and Nonsense. He is a world-known expert on trading and financial markets, famous for showing the mindset and risk management habits of elite traders.
George Coyle:
George is the co-author of the new Market Wizards book. He is a writer, trader, system designer, money manager, and market strategist. After studying finance at The Ohio State University, he worked for 10 years in NYC at major hedge funds, including John A. Levin & Co. and Clovis Capital. He studied applied statistics at Columbia University, worked briefly with Victor Niederhoffer, and later served as a macro strategist in the US Virgin Islands. George also worked as the Chief Investment Officer for a family office in Chicago before returning to Ohio to run his own investment firm.

Links + Resources:
George Coyle: https://x.com/gfc4
Jack Schwager: https://x.com/jackschwager
Order Market Wizards: The Next Generation Book: https://harriman-house.com/authors/jack-d-schwager/market-wizards-the-next-generation/9781804093641

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 The 3 Timeless Rules Shared by 100 Years of Market Wizards

07:57 The First Market Wizards Book

12:13 What George Coyle Was Trying to Solve

15:59 Why It Is Better to Keep Things Simple Rather Than Complex

22:19 Making Sure Your Strategy Fits Your Personality

28:21 The Two Main Types of Profitable Traders

31:55 Finding a Trading Edge in Today's Market Landscape

37:16 Interviews That Challenged Jack and George's Core Beliefs

42:51 Where the Younger Generation of Traders Succeeds

47:07 Core Personality Traits of Market Wizards

52:24 Understanding the Reality of Market Structures

56:03 The Real Problem with Pure Fundamentals

01:01:13 Jack's Most Memorable Moment from the Next Generation Interviews

01:03:50 George's Most Memorable Moment from the Next Generation Interviews

01:04:52 Where to Follow George Coyle and Jack Schwager Online

Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Peter Robbins is the author of The Trader’s Journey. He entered the financial markets 50 years ago with nothing but a dream, his friend, and a parental signature to trade the markets, surviving decades of tectonic shifts to navigate the transition from outcry trading to the digital age.

After starting out at age 15 and carrying the weight of massive commission costs back in the 1970s, Peter developed a deeply disciplined, business first framework across multiple asset classes from day trading futures to position trading ETFs. Today, now retired, his edge is built on five decades of experience and an unwavering focus on self awareness, using strategy to outline his trades while deep psychological clarity gives him the execution resilience required to survive.

In this conversation, Peter pulls back the curtain on his 50 Year Market Evolution, sharing the hard truths that allowed him to achieve true longevity in a game where most do not last. He breaks down the true mechanics of a trader’s edge, the absolute necessity of aligning strategy with personality, and how he transitioned from chasing the "Holy Grail" to mastering his own internal battle.

In this episode, we explore:
· The Hard Truths of a 50 Year Trading Career
· The mechanics behind the two sides of a true Trader’s Edge
· Why it’s important to treat trading exactly like a serious business
· The importance of building an edge that matches your personality
· How Peter views position trading and selects industry leaders today
· Lessons learned from his early "Aha Moment" of learning to take small losses
· His advice for beginner traders caught up in false guru expectations

About Peter Robbins:
Peter is a veteran professional trader and mentor known for his remarkable market longevity and transparent approach. Starting his journey at just 15 years old, he has documented and shared his hard-earned insights across five decades of trading full-time, part-time, and in retirement. He specializes in longer-term position trading in ETFs and U.S. stocks, focusing heavily on trader psychology, limiting beliefs, and the structural discipline required for sustainable market success.

Links + Resources:
X (Twitter): https://x.com/prrobbins
Amazon (The Trader's Journey): https://www.amazon.com/Traders-Journey-Navigating-trading-success/dp/1804091669

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.
00:00 The Hard Truths of a 50 Year Trading Career 05:20 Peter's Introduction into Trading at 15 Years Old 12:15 The Real Reason Why Most Traders Fail 16:58 The Aha Moment 23:43 We're All Humans 31:21 Why Most Failures Are Execution Failures 35:46 Finding and Executing the Best Strategy for Your Personality 38:05 Debunking the Limiting Belief "I Have to Work Hard to Make Money" 44:21 Common Behaviors That Destroy Trading Accounts 47:40 Stop Looking for the Holy Grail 51:35 Where to Follow Peter Robbins and get his book The Trader’s Journey

Trading Disclaimer: Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Alex Temiz turned a $2,000 account into over $16 million in trading profits, starting from nothing as a part-time Starbucks barista. In this episode, he breaks down the real journey: the years of losing, how he transitioned from long breakouts to short selling, and the mechanical "guardrails" he used to survive long enough to succeed.

After selling the rims off his car just to fund one last attempt at the markets, Alex discovered his edge in the volatility of momentum exhaustion. Today, his approach is built on extreme transparency and a deep respect for risk management, specifically through his "First Red Day" framework.

In this conversation, Alex pulls back the curtain on his evolution from an aggressive gunslinger to a disciplined professional, sharing the psychological shifts and specific setups that allowed him to scale from four figures to eight figures.

In this episode, we explore:
· How Alex Turned $2,000 into $16M+ in Trading Profits
· His transition from working as a Starbucks barista to full-time trading
· The mechanics of the First Red Day strategy
· Why he ignores his "average" to focus on adding to winning trades
· Using broker-level guardrails to protect yourself from ego-driven losses
· How Alex selects the stocks he shorts
· His advice for traders struggling with the psychological pain of risk

About Alex Temiz:
Alex is a professional short-seller and the co-founder of My Investing Club (MIC). Known for his "First Red Day" setup and high-stakes momentum trading, Alex has documented over $16 million in verified profits. He is a vocal advocate for transparency in the trading industry, frequently sharing live trading recaps to help retail traders develop a process-driven approach to the markets.

Links + Resources:
YouTube: https://www.youtube.com/@AlexTemizMIC
X (Twitter): https://x.com/AT09_Trader
Instagram: https://www.instagram.com/alex_temiz

Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 How Alex Turned $2,000 into $16M+ Day Trading
06:48 Working as a barista while trading
10:08 Discovering Short Selling and finding his edge
15:13 Developing a healthy approach to trading
20:31 When ego takes over a trade
25:18 Capitalizing on the once in a quarter A plus set up
28:55 Becoming comfortable adding to your winner
33:56 Why adding to losers is adding gasoline to a burning house
37:12 Scaling out of size
42:49 The mechanics of the First Red Day
46:03 Still learning from other traders
52:57 What winning looks like for you now
56:06 Where can you find Alex Temiz

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Steve Kalayjian started his journey on the floor of the American Stock Exchange in 1983, a time when the noise of the pits was the only heartbeat of the market. Over the next four decades, he didn’t just witness the evolution of trading, he conquered it, trading nearly two billion shares of U.S. stocks and surviving every major market cycle.

From the high-pressure floors of the NYSE and COMEX to trading billions in capital for family offices, Steve’s career is a masterclass in longevity and adaptation. Today, he combines forty years of intuition with his proprietary software to identify the trends and reversals that others miss, proving that while technology changes, the core principles of price action remain the same.

In this conversation, Steve pulls back the curtain on his 43-year journey, sharing the wisdom gained from his very first trade and the lessons passed down from his father. He breaks down the day-to-day routine of a veteran pro, and why building a community is the ultimate edge in a profession that can often feel like a solo battle.

In this episode, we explore:
· Steve’s 43-year evolution from the American Stock Exchange trading floor to digital markets
· Growing up in a trading family and the lessons learned from his father
· The importance of consistency and risk management
· The creation of his proprietary software to find the edge
· Steve’s perspective on the rise of Prop Firms
· The daily routine and mindset required to trade
· Why being part of a trading community is vital for long-term success
· The biggest changes in market structure over four decades

About Steve Kalayjian:
Steve is a legendary market veteran with over 43 years of professional trading experience. Having traded nearly 2 billion shares over his career, he is a specialist in technical analysis and market forecasting. He is the founder of his own research and software firm, and has appeared on major networks like Fox Business and CNBC, and a dedicated mentor to traders worldwide through his YouTube channel and community.

Links + Resources:

Website: https://sktrading.live/
Youtube: https://www.youtube.com/@sktradingyoutube
X (Twitter): https://x.com/SteveKalayjian
Instagram: https://www.instagram.com/officialstephenkalayjian

Sponsor of Chat With Traders Podcast:

Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.
00:00 What 43 Years in the Markets Teaches You
07:44 Did you know that this is what you wanted to do in life?
12:27 Learning about consistency and risk management on his first trade
17:10 Learning from his father
22:12 Creating a trading software to find the edge
26:22 Price leads and Indicators lag
30:36 The biggest evolution in 43 years of trading
34:58 What’s your day-to-day look like?
42:44 What are your thoughts on Prop firms?
48:35 How important it is to be in a community
54:49 Steve's ultimate message to traders
1:01:54 Where can you find @sktradingyoutube

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Eduardo Briceño came to America from Venezuela with nothing but a dream, survived years of trading under survival-mode pressure, and turned $1,900 into $2.9 million in profits.

After starting with a micro account and carrying the weight of supporting his family, Eduardo developed a disciplined approach to the most volatile corner of the market: small caps. Today, his edge is built on experience and his Triad Trading approach, using technicals to guide his decisions while fundamentals give him the confidence to take the trade.

In this conversation, Eduardo pulls back the curtain on his Survival to Success Arc, sharing the specific setups that allowed him to scale a four-figure account into seven figures. He breaks down the fundamentals of his strategy, the penny stock framework, and how he transitioned from trading for rent to trading for generational wealth.

In this episode, we explore:

· How Eduardo Turned $1,900 into $2.9M Day Trading Small Caps

· Eduardo’s move from Venezuela to the U.S. and trading under extreme financial pressure

· How he survived the “survival mode” phase without blowing up his account

· The mechanics behind his Triad Trading approach

· Why it’s important to learn technical analysis first

· The importance of building an edge that fits your personality

· Why confidence in trading is difficult to teach and must come from experience

· How Eduardo selects the stocks he trades

· Lessons learned from his Biggest Lost

· His advice for beginner traders

About Eduardo Briceño

Eduardo is a professional small-cap trader known for his remarkable consistency and transparency. Starting with just $1,900, he has documented his journey to $2.9 million in profits over six years. He specializes in momentum strategies and intraday volatility, focusing on the intersection of technical patterns and trader psychology.

Links + Resources:

X (Twitter): https://x.com/edu_trades Instagram: https://www.instagram.com/edu_trades
Youtube: https://www.youtube.com/@edu_trades

Sponsor of Chat With Traders Podcast:

Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 How Eduardo Turned $1,900 into $2.9M Day Trading Small Caps
07:57 When Eduardo Decided to Move to the U.S.
12:23 Surviving the “Survival Mode” Phase
15:40 Worst Case Scenario, “I’ll Just Get a Job”
20:23 The Triad Trading Approach
31:28 Why You Need to Learn Technicals First
37:50 Building an Edge That Fits Your Personality
40:50 Why Confidence Is Hard to Teach and Comes From Experience
48:26 History Doesn’t Repeat, But It Rhymes
55:14 How Eduardo Picks His Stocks
59:28 Technical Setups vs Fundamental Confidence
1:04:58 His Worst Loss When He was Tilted
1:13:03 Why Trading Is Such a Tough Profession
1:20:45 Be Disciplined And Stay Adaptable
1:25:45 How Having a Family Changed His Trading
1:36:00 Advice for Beginner Traders
1:38:27 Closing Remarks and Where to Follow @edu_trades

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Stefan Stadie is a professional sports trader at Kero Sports whose work sits at the intersection of equities, sports betting, and prediction markets.

After starting his trading journey in equities, Stefan evolved toward a more process-driven approach focused on price, liquidity, and market behavior. Today, his edge comes less from predicting outcomes and more from identifying mispricing, capturing inefficiencies, and operating across multiple markets in real time.

In this conversation, Stefan shares how the same principles—crowd psychology, liquidity, and price discovery—show up across different environments, from stocks to sports to decentralized prediction markets. He also walks through his transition into arbitrage and market making, how he approaches risk, and what it takes to stay disciplined when operating in fast-moving, competitive markets.

This episode offers a different lens on trading—one that challenges traditional thinking around prediction, edge, and where opportunity actually comes from.

In this episode, we explore:

· Why trading principles can transfer across completely different markets

· The role of liquidity and crowd behavior in shaping price

· Moving from directional trading to arbitrage and market making

· How mispricing creates opportunity across fragmented markets

· The reality of being limited or banned by sportsbooks

· Differences between traditional financial markets and emerging prediction markets

· Managing psychology and discipline in fast-moving environments

· Why focusing on price—not opinion—can change your approach to trading

About Stefan Stadie:

Stefan is a professional sports trader at Kero Sports, specializing in market structure, arbitrage, and market making. He also trades equities and participates in prediction markets, applying a consistent framework centered on liquidity, psychology, and price discovery across different trading environments.

Links + Resources:

· X (Twitter): https://x.com/BronzeBeardd

Sponsor of Chat With Traders Podcast:

● Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 Introduction

04:39 Early life, education and entry into oil & gas
06:18 2020 oil crash and negative crude prices
08:14 Early trading career, swing trades and going full-time
09:18 Trading mistakes, position sizing and risk management
11:33 Trading during the COVID crash and learning resources
12:41 Transition to short selling and strategy shift
14:14 Liquidity events and shorting tactics
16:53 Entry into predictive markets and sports betting
18:23 Arbitrage strategies and OddsJam scanner
21:38 Bans from retail sportsbooks and joining Kiro Sports
26:37 Polymarket, peer-to-peer exchanges and crypto betting
29:04 How prices are set and market-making basics
35:32 Market-making tactics, spreads and target returns
40:31 Directional positions and daily activity in predictive markets
41:43 Parlays, selling parlays and house edge
44:10 Growth, regulation and insider-risk in prediction markets
49:20 Comparisons with financial markets: liquidity, edge and crowds
01:01:54 Gamification, responsible use, psychology and advice for newcomers
01:10:00 Closing remarks and contact information

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Sam Gaer’s career spans several major shifts in market structure — from the open-outcry pits of COMEX to high-frequency trading and now crypto derivatives.

Sam began his career as a teenage runner on the COMEX floor during the gold boom of the early 1980s before becoming a copper pit trader himself. While most traders relied purely on instinct, Sam was already experimenting with technology — building early pricing tools that helped identify inefficiencies in spread markets.

His path eventually led beyond the trading floor into exchange technology and market infrastructure, including building trading software that was later acquired by the New York Mercantile Exchange. In recent years, Sam has focused on crypto markets, where he applies traditional derivatives frameworks to volatility, options, and digital asset trading.

In this episode, Sam shares insights from decades of experience across multiple market regimes and discusses how trading edge evolves as markets and technology continue to change.

In this episode, we explore:

· Getting introduced to markets as a teenager

· Life inside the COMEX copper trading pits

· Early use of computers to price commodity spreads

· Inefficiencies in open-outcry markets

· Building exchange technology and selling Trading Gear to NYMEX

· The transition from pit trading to electronic markets

· Market structure lessons from traditional derivatives markets

· Why Sam shifted his focus to crypto markets

· Opportunities in crypto options and derivatives

· Convexity, volatility, and institutional trading frameworks in digital assets

About the guest:

Sam Gaer, Chief Investment Officer of the Directional Strategy at Monarq Asset Management, has more than three decades of experience across derivatives trading, exchange technology, and quantitative strategy development.

He previously served as Chief Information Officer of the New York Mercantile Exchange (NYMEX), where he helped modernize the exchange’s trading infrastructure. Earlier in his career, he was a floor trader on the COMEX commodities exchange and later founded Trading Gear, a technology firm whose trading software was acquired by NYMEX. Sam has also launched and managed quantitative trading strategies focused on derivatives and volatility markets, and today works on institutional trading approaches within digital asset markets.

Links + Resources:

· Website: https://www.monarq-am.com

· Email: investors@monarq-am.com

Sponsor of Chat With Traders Podcast:

Trade The Pool: ⁠http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 Intro and Background

01:48 Early career: COMEX runner to copper pit trader
06:40 Programming background and early trading automation
16:19 TradingGear: pivot to exchange software and NYMEX sale / CIO role
21:09 Trading style evolution: scalping to event-driven and electronic trading
23:42 High frequency trading, FINRA experience and entrepreneurship
25:09 Transition into crypto: Katana Financial and early crypto market making
28:01 Crypto derivatives focus: options, convexity and strategies
34:19 Recent crypto market decline: causes, liquidations and regulatory uncertainty
39:51 Institutional adoption, ETFs (IBIT) and market-structure impacts
42:57 Tokenization, real-world assets and digital asset treasuries (DATs)

56:17 Reflections on markets, challenges and use of AI

58:36 Closing remarks and contact information

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

When Dave Mabe backtested his strategy, it outperformed his own discretionary trading — and changed how he approached everything. In this episode, we discuss gapping breakouts, expectancy, systematic trading, drawdowns, and the reality gap between backtests and live execution. A practical conversation for traders serious about building durable edge.

In this episode, we explore:

· How Dave got introduced to markets: From early exposure to investing through his family to actively seeking more control over his capital and moving from swing trading into day trading.

· Why rules matter: The transition from discretionary decisions to systematic frameworks — and why trading without a process is a fast path to inconsistency.

· Backtesting as a “superpower”: What backtesting really does for strategy development and confidence in your edge.

· Reconciling backtests with real life: Practical realities of execution, slippage, and market structure — and how to build a feedback loop so your live results get closer to your simulations.

· Drawdowns and mindset: How to handle periods where a strategy doesn’t behave as expected, and why many traders quit in drawdowns rather than at all-time highs.

· Scaling a trading business: The difference between scaling size versus scaling breadth — and why uncorrelated strategies matter.

· Practical first step for systematic traders: How to start adding structure to your trading with backtesting, even if you’re not a programmer.

About the guest:

Dave has been a professional trader and technologist for over two decades. As a former CTO of Trade-Ideas, he has unique experience at the intersection of algorithm design, real-time market data, and automated execution. Outside trading, he writes a popular daily newsletter on backtesting and systematic strategy development, and hosts the Line Your Own Pockets podcast focused on systematic approaches to markets.

Links + Resources:

· Link to Better Backtesting —Dave’s free multi-day email course on building strategies and improving them over time.

· Trade-Ideas, Amibroker, RealTest — examples of backtesting and strategy development platforms discussed in context.

Sponsor of Chat With Traders Podcast:

Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 Intro and Background

08:29 Stock Selection and Systematic Trading Rules
11:32 Position Sizing, Expectancy and Risk Management
16:50 Discovering Backtesting and First Backtests
18:40 Backtesting Principles, Sample Size and Common Pitfalls
20:34 Gradual Automation and Live Trading Implementation
22:17 Trading Journal and Reconciling Backtest vs Live
27:27 Scaling through Automation: More Trades, Better Results
29:26 Drawdowns, Psychology and Handling Setbacks
34:14 Tools, AI and Software for Backtesting and Coding
39:56 Common Trading Myths Debunked (Partials, Stops)
48:01 Getting Started: Practical Steps, Resources and Closing

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

In this episode, Ian sits down with John Assaraf, entrepreneur, behavioral neuroscience educator, and founder of NeuroGym, for a conversation about the invisible forces that shape performance — long after planning, analysis, and good intentions are in place.

John shares his personal journey from a turbulent upbringing to building multiple multimillion-dollar businesses, and the pivotal moment at age 19 that reframed how he thought about success, identity, and commitment. From there, the discussion moves into the neuroscience behind habits, automatic behavior, fear, and why people often snap back to familiar results — even when they know what to do.

This is not a trading tactics episode. It’s a conversation about execution, follow-through, and the human side of performance — in trading, business, health, and life. About the guest:

John Assaraf is a serial entrepreneur who has built multiple multimillion-dollar companies, including helping scale a real estate organization to over $4 billion in annual sales and co-founding a technology company that later went public on the NASDAQ. He is the founder and CEO of NeuroGym, where he focuses on applying neuroscience to performance, habits, and behavior change. John is also the author of several New York Times bestselling books, translated into dozens of languages, and has been featured in films such as The Secret, where many people were first introduced to his work.

Links + Resources:

Free eBook: The Power of Visualization

Sponsor of Chat With Traders Podcast:

Trade The Pool: http://www.tradethepool.com

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 Intro and Background

11:16 Mindset Shift: Interested vs. Committed

11:46 Behavioral Neuroscience and Goal Achievement

16:17 Conscious vs. Subconscious Mind

17:12 Creating Permanent Behavioral Changes

21:22 Emotional Regulation and Decision Making

25:30 Overcoming Self-Sabotage

35:20 AddressingFear in Decision Making

42:37 Inner Size: Exercising the Mind

44:27 Self-Sabotage and Financial Set Points

48:21 The Science of Goal Setting

50:17 Visualizing and Embodying Goals

54:40 How to reach John

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices

Over the years, we’ve recorded hundreds of conversations with traders across different markets, strategies, and generations. And while no two trading paths look the same, certain moments tend to repeat — not moments of big wins or dramatic calls, but quieter turning points. The moments where something shifts internally. Where progress depends less on the market… and more on how the trader evolves. In this special episode of Chat With Traders, we revisit excerpts from past conversations with traders who reached those inflection points — moments that reshaped how they thought about risk, discipline, accountability, and longevity. It’s a collection of turning points — the decisions, realizations, and hard lessons that changed the trajectory of a trading career.

Links + Resources:

Episode039 Tom Dante
Episode236 Lance Breitstein
Episode249 Jack Kellogg
Episode036 Peter Brandt
Episode255 Vincent Bruzzese
Episode212 Kristjan Kullamägi
Episode286 Jason Shapiro
Episode260 Patrick Petersson
Episode259 Lukas Frölich (The Short Bear)
Episode163 John “Rambo” Moulton
Episode250 Sunny Harris

Time Stamps:

Please note: Exact times will vary depending on current ads.

00:00 – Intro and Background

01:10 — Tom Dante - A moment of accountability that forced change — and lit a competitive fire.
02:35 — Lance Breitstein - Why the best traders bet exponentially when the odds are truly skewed.
04:00 — Jack Kellogg - The cost of obsession, burnout, and relearning how to live after the grind.
05:25 — Peter Brandt - Market tuition, mistakes, and committing fully to a process (Featured in Jack Schwager’s Market Wizards)
06:55 — Vincent Bruzzese - How wealth mindset — not strategy — shapes risk and decision-making
08:25 — Kristjan Kullamägi - Scaling up, earning the right to push risk, and long-term conviction 09:55 — Jason Shapiro - Contrarian trading, positioning over prediction, and embracing discomfort (Featured in Unknown Market Wizards)
11:25 — Patrick Petersson - The lesson learned at absolute rock bottom — and the cost of not cutting losses.
12:55 — Lukas Frölich (The Short Bear) - Running trading like a business — and how progress compounds quietly.
14:25 — John “Rambo” Moulton - Detaching from money to trade with clarity and consistency
15:55 — Sunny Harris - Taking control after realizing professionals can lose, too.
17:30 — Closing reflections
20:20 — Outro / End

Sponsor of Chat With Traders Podcast:

Trade The Pool: http://www.tradethepool.com

Trading Disclaimer:

Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Learn more about your ad choices. Visit https://megaphone.fm/adchoices